The post Prosecutor demands jail for Crypto.com user who received $6.8M by mistake appeared on BitcoinEthereumNews.com.

Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error. Australian prosecutors are reportedly calling for a prison sentence for a Crypto.com user who accidentally received nearly $7 million and spent most of it before the exchange discovered the internal error made three years ago. In May 2021, Crypto.com sent 10.47 million Australian dollars ($6.86 million) to Australian couple Thevamanogari Manivel and Jatinder Singh instead of a 100 AU$ refund after an employee allegedly typed an account number into the payment section of an Excel spreadsheet. By the time the exchange found the error in its December 2021 internal audit, just seven months later, Singh had already bought multiple homes and gifted a friend 1 million AU$. He claimed he thought he had won “an online raffle.” Read more Source: https://cointelegraph.com/news/crypto-com-cryptocurrency-exchange-australian-prosecutors-jail-user-mistake-funds?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ August 5, 2024 1:24 pm